Algonquin Power & Utilities (TSE:AQN) Releases Earnings Results

Algonquin Power & Utilities (TSE:AQN) announced its earnings results on Friday. The company reported C$0.06 earnings per share for the quarter, FiscalAI reports. Algonquin Power & Utilities had a net margin of 6.71% and a return on equity of 3.63%. The company had revenue of C$772.76 million during the quarter.

Algonquin Power & Utilities Price Performance

Algonquin Power & Utilities stock opened at C$7.99 on Friday. The business’s 50-day simple moving average is C$8.25 and its 200 day simple moving average is C$8.56. The company has a quick ratio of 0.37, a current ratio of 1.05 and a debt-to-equity ratio of 143.58. The stock has a market cap of C$6.15 billion, a price-to-earnings ratio of 38.05, a P/E/G ratio of 1.07 and a beta of 1.45. Algonquin Power & Utilities has a 12-month low of C$7.26 and a 12-month high of C$9.69.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upgraded shares of Algonquin Power & Utilities to a “hold” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Algonquin Power & Utilities presently has an average rating of “Buy” and a consensus target price of C$8.00.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN’s common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively.